EP Wealth Advisors LLC Buys New Holdings in Cincinnati Financial Corporation $CINF

EP Wealth Advisors LLC acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,842 shares of the insurance provider's stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management lifted its position in Cincinnati Financial by 77.6% in the first quarter. Spire Wealth Management now owns 174 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 76 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Cincinnati Financial in the first quarter valued at approximately $26,000. Alpine Bank Wealth Management bought a new stake in Cincinnati Financial in the first quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Cincinnati Financial in the first quarter valued at approximately $32,000. Finally, GoalVest Advisory LLC lifted its position in Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.1%

Shares of NASDAQ CINF traded up $0.10 during trading on Friday, reaching $156.86. The company had a trading volume of 613,681 shares, compared to its average volume of 407,174. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $161.74. The stock has a market cap of $24.53 billion, a PE ratio of 13.60, a P/E/G ratio of 7.67 and a beta of 0.72. The business's 50-day moving average is $151.16 and its 200 day moving average is $146.10. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, July 28th. The insurance provider reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.58. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The firm had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The company's quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Monday, September 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, September 22nd. Cincinnati Financial's dividend payout ratio is presently 30.18%.

Wall Street Analysts Forecast Growth

CINF has been the subject of several recent research reports. Roth Capital boosted their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $167.00 to $168.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.40.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.